Citigroup to price autocallable securities due 2023 on three indexes

By Sarah Lizee

Olympia, Wash., Aug. 2 – Citigroup Global Markets Holdings Inc. plans to price 0% autocallable securities due Aug. 18, 2023 linked to the worst performing of the Russell 2000 index, the Dow Jones Industrial Average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If each index closes at or above its initial level on any of the first four annual valuation dates, the notes will be called at par plus a premium of 8.1% per year.

If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 40.5%.

If any index falls but none finish below the 60% trigger level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.

Citigroup Global Markets Inc. is the agent.

The notes (Cusip: 17324CYV2) will price Aug. 15 and settle Aug. 20.

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